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we've been working hard with the people in the city and throughout connecticut and new jersey to make sure we help our clients get back up in their homes, businesses and so on and so forth. what that sends by the customers there's value in what we're doing. we're began to continue to go out. it's important for companies to protect themselves from cyber attacks and address your suit, just like another hurricane coming through. are you seeing them sitting on their hand and not wanting to do anything? there's two different men at all times. the consumer is spending like they have been, but the business is a lot more cautious. >> my business is one where it says regardless of your miss you need to protect your certainly risks, and we have do is provide them different call at all request if we had a situation where the money couldn't come out of their capital. in effect, rear-ended capital from us. if you think about some of the cast physical in japan and i'll and cries mist. all of those can a ghastly and issues that we deal, plus the day-to-day issues that people face, it's good for our
we've been working hard with the people in the city and throughout connecticut and new jersey to make sure we help our clients get back up in their homes, businesses and so on and so forth. what that sends by the customers there's value in what we're doing. we're began to continue to go out. it's important for companies to protect themselves from cyber attacks and address your suit, just like another hurricane coming through. are you seeing them sitting on their hand and not wanting to do...
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the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said publicly that he believes you have puts that expire on friday. >> sure. very clear, we own no puts on herbalife. we are short the stock, only. we are not short any other company in the industry. just herbalife. we shorted the stock, i would say, seven months ago or so, and we've had our position since then and have built it up over time. >> at what point would you consider the success in terms of getting out of the position? >> success here, look, the company can survive in a middle grout. if it is found to be a pyramid scheme, it is a zero. >> at what point, if you succeed, you are donating
the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said...
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all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter profit shrank more than expected. demand for office furniture sluggish in america. despite the fact i keep destroying mine. i guess that's not enough to help replacement. ceo did say, we could, seeing progress. slowly getting bet are. >> good word. good news, bad news for the market, latching on to the bad. >> stocks down below 2.5%. fair conclusion. eps above estimates. sales last quarter did fall short. revenue projection also disappointing. consultants are pricey. >> yeah. >> expensive. you lock them in. people say, we will do it ourselves. >> maybe not. >> we will end on good news, right? jabil circuit, 8%. i'l
all-time high after being spun off from circuit city. good piece of trivia. >> we love the trivia. winnebago. >> really big cars. hopium here. higher prices for what winnebago yo is selling. gross margins, also up nearly 11%. >> the stock, look at that, one year. 125%. in the meantime, herman miller. i guess people are buying cars but not office chairs. >> this is a job story stock. these things back here, probably might have been herman miller, who knows. second quarter...
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conference in the heart of new york city, but then on cnbc. the company coming out trying to defend itself, but you'll see shares of hlf, that being herbalife, still down 10% at this hour. let's bring in allen valdez from dme securities. let me just ask you first about this deal. i.c.e. and the nyse, you're a trader. you make your living down on the floor of this new york stock
conference in the heart of new york city, but then on cnbc. the company coming out trying to defend itself, but you'll see shares of hlf, that being herbalife, still down 10% at this hour. let's bring in allen valdez from dme securities. let me just ask you first about this deal. i.c.e. and the nyse, you're a trader. you make your living down on the floor of this new york stock
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rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >> greetings. >> i would like to you give us a bit of a summary. in your paper you pretty much knock my views but you knock the john maynard kazen views as well. >> they don't matter that much and it's hard to show an effect on growth. but when your debt level gets over 90% or 100% of gdp, it's not a precise number but a good benchmark historically, it's associated with slower growth for a very long time. this doesn't happen that often. there are only a very limited number of ep soeds across advanced economies since 1800. a lot of these episodes were before we had social
rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >>...
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you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for another day on trading on wall street. "squawk" will be back. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christ
you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for...
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it makes me so angry and i don't understand why there is there has only been one shooting in my city who has acquired a gun legally. they are done because criminals, there are states now, 19 states where there is less than 100 people they have registered in the system as mentally in capable. >> let's me go to you. you lost your father in the temple shooting. i don't mean to be disrespectful. what is your reaction? you have a gun owner. >> i have a gun i was in army rotc. those guns are meant for annihilation. you can deter somebody with a knife like my father did. he wrestled the guy with a butter knife and he left the building. you want to take the argument that way so they can have a hollow fight. >> if you can pass the mic down to danielle. you were involved in the tucson tragedy. what do you think about this? >> there are two points having more guns does not solve the problem. having more people who are trained who stopped who didn't call in swat because she was trained. you know when these people come in and they have planned this for a significant amount of people they are read
it makes me so angry and i don't understand why there is there has only been one shooting in my city who has acquired a gun legally. they are done because criminals, there are states now, 19 states where there is less than 100 people they have registered in the system as mentally in capable. >> let's me go to you. you lost your father in the temple shooting. i don't mean to be disrespectful. what is your reaction? you have a gun owner. >> i have a gun i was in army rotc. those guns...
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>>> from the global resources of abc news, with cynthia mcfadden and bill weir in new york city, and terry moran in washington, this is a special edition of "nightline" -- tragedy at sandy hook, the search for solutions. >>> good evening. i'm terry moran. today the shattered community of newtown, connecticut, mourned the young teacher who died trying to protect her first grade class, while school districts across the country are now beefing up security. in the wake of this tragedy, schools nationwide are grappling with the difficult questions about keeping their students safe, including the debate over arming teachers with guns. here's alex perez. >> reporter: she came face to face with unthinkable horror and fought to save her first graders. laid to rest today, 27-year-old sandy hook teacher vicki soto. those remembers her we're green ribb ribbons, her favorite color. her sister jillian, already know what the world is remembering, saying you have been a hero to me for a lot longer than five days. you've been my big sister, the one i've always looked up to. among the mourners, family
>>> from the global resources of abc news, with cynthia mcfadden and bill weir in new york city, and terry moran in washington, this is a special edition of "nightline" -- tragedy at sandy hook, the search for solutions. >>> good evening. i'm terry moran. today the shattered community of newtown, connecticut, mourned the young teacher who died trying to protect her first grade class, while school districts across the country are now beefing up security. in the wake...
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. >> sean: the state and the federal income tax is going up to 5 you have the city taxes, san bernardino is filing for bankruptcy and other cities. same in new york. >> yeah. the hilarious hypocrisy, our hollywood celebrities, they will still live in malibu or brentwood. but the movies are being made in canada. they are made in british columbia and place where is it's cheap. so they're the real hypocrites. at least this guy is sayingly, i'm outta here. but he's renouncing his citizenship, which means he is giving up his beret, his baguette and the body odor. >> sean: send your hate mail to gutfeld. >> i'm half french-- >>> i'm irish. what's an irish seven-course meal? a six-pack and a potato. >> a quarter of me is outraged. i'm a quarter irish and the rest of me is. >> caller: nebriated. >> sean: belgium, open arms -- too bad. we invite all of our fellow freshmen here -- >> the reason is, only 4 people live in belgium. it's a very tiny country. >> sean: i don't blame them. it's very interesting. we learn that barack obama's friend at google, eric schmitt, he has a shell corporation in be
. >> sean: the state and the federal income tax is going up to 5 you have the city taxes, san bernardino is filing for bankruptcy and other cities. same in new york. >> yeah. the hilarious hypocrisy, our hollywood celebrities, they will still live in malibu or brentwood. but the movies are being made in canada. they are made in british columbia and place where is it's cheap. so they're the real hypocrites. at least this guy is sayingly, i'm outta here. but he's renouncing his...
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it is one of the things we thought you should know. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> welcome back. airlines have started waving cancelation and change fees. in fa
it is one of the things we thought you should know. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ how much is your current phone bill? four sixteen seventy six a...
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that program is run by the city's gang reduction unit. detroit, michigan, has seen a bunch of these buybacks, including one last august, where more than 700 guns were turned in at one location in just six hours on just one day. the most interesting question to come out of the president's press conference today is what exactly will happen at the federal level on the reform of gun laws. the president said there would be firm proposals from his administration in a matter of weeks. real reforms right now, he said. but whether or not there is specific and consequential action at the federal level to reduce gun violence, honestly, specific and consequential action can happen in any town, any time. with almost no notice and very, very little planning. that's what these gun buyback programs show. they can be held in small towns and big cities. they can happen in parking lots or in churches or in grocery stores. the money can come from a local government or it can come from you. it won't solve every problem. it will not prevent every crime. it wil
that program is run by the city's gang reduction unit. detroit, michigan, has seen a bunch of these buybacks, including one last august, where more than 700 guns were turned in at one location in just six hours on just one day. the most interesting question to come out of the president's press conference today is what exactly will happen at the federal level on the reform of gun laws. the president said there would be firm proposals from his administration in a matter of weeks. real reforms...
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problem is the political problem in congress. not a constitutional problem. >> what about background checks? >> what about background checks? 40% [ male announcer ] no matter what city you're playing tomorrow. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom cold & flu relief. ♪ [ sniffles, coughs ] excuse me. i need something for my cold symptoms. [ sniffles ] we've got dayquil for day and nyquil for night. [ thuds ] you didn't see that. [ male announcer ] right now at walgreens dayquil and nyquil are just $10.99 with card. zimplt with the white house having retreated over a battle of susan rice because of op zegs for secretary of state, the administration critics are now trying to prevent the president from nominating former secretary chuck hagel to be secretary of defense. joining us now is nicolas burns, former state department undersecretary and ambassador to many countries and to nato, and you were one of the significanttories to a letter saying what is going o
problem is the political problem in congress. not a constitutional problem. >> what about background checks? >> what about background checks? 40% [ male announcer ] no matter what city you're playing tomorrow. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom cold & flu relief. ♪ [ sniffles, coughs ] excuse me. i need something for my cold symptoms. [ sniffles ] we've got dayquil for day and nyquil for night. [ thuds...
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traverse city, michigan. i'm curious why you made phone of the california highway patrol director making $500,000 a year. does he not earn the money in your mind? folks can't afford to pay pluck employees that kind of money, ken, it's as simple as that john of verronna, new jersey. i'm a retired fire captain with $89,000 pension. have you demonized all public safety workers, bill. that's bull, john, you know it your pension sounds reasonable to me. but the state of california is totally out of control in their payments to public workers. that's why the state is tottering on bankruptcy. and that's hurting everybody in california. and finally tonight, the factor tip of the day the town that hates christmas. that would be great barrington, massachusetts nevada in the berkshire mountains. for years the pinheads who run that down have been discouraging people from putting out displays of christmas. this year, they are banning them on main stright allegedly because of a reconstruction project. that's bologna. we kn
traverse city, michigan. i'm curious why you made phone of the california highway patrol director making $500,000 a year. does he not earn the money in your mind? folks can't afford to pay pluck employees that kind of money, ken, it's as simple as that john of verronna, new jersey. i'm a retired fire captain with $89,000 pension. have you demonized all public safety workers, bill. that's bull, john, you know it your pension sounds reasonable to me. but the state of california is totally out of...
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liz: cities have been doing it right asking people to forfeit and hand over their guns. i don't want to live in a country with everybody having a gun. it is a terrible lawful or if it trend given what happened last friday. stuart: anything to add? charles: i think the nra will say something to the effect that they are willing to compromise with respect to certain, quote, assault rifles but the notion, you bring up a great point because the same people that say there's no way to round up thirty million illegal immigrants and get out of the country are saying we could round up three hundred million guns and dispose of them in yucca mountain somewhere. stuart: last friday's horrific effect in connecticut that created a >> in public opinion, it was an event which will change future policy. no matter what -- charles: when the president spoke he immediately said he was for the second amendment. [talking over each other] liz: senator john rockefeller as saying listen, the impact of violent video games have to be taken into account. hollywood remains silent on the impact on gene
liz: cities have been doing it right asking people to forfeit and hand over their guns. i don't want to live in a country with everybody having a gun. it is a terrible lawful or if it trend given what happened last friday. stuart: anything to add? charles: i think the nra will say something to the effect that they are willing to compromise with respect to certain, quote, assault rifles but the notion, you bring up a great point because the same people that say there's no way to round up thirty...
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manhattan if a major storm hit and flooded the city. doesn't seem to crazy after sandy, right? just saying. >> that's different than being afraid of chemical weapons and smallpox. >> that is true. that is true. but i know you're not too worked up over this, but the mayans do say the world is ending tomorrow. and like you said before, some people say the calendar was mistakenly translated and actually the day could be the 23rd. so we could prolong this for a couple more days, carol. >> oh, man, i'm glad, i really want to celebrate christmas. >> the odds of doing that are pretty good. i thought you were going to give me a little theme music coming in, a little, "it's the end of the world --." >> okay, thanks. we're going to talk more about this because joining us now from new york is an expert in disaster preparedness and was featured as a consultant on "doomsday preppers." welcome. >> thanks for having me. i appreciate being here. >> we're glad you're here. i don't mean to poke fun at the show, but i do wonder why do you think so many pe
manhattan if a major storm hit and flooded the city. doesn't seem to crazy after sandy, right? just saying. >> that's different than being afraid of chemical weapons and smallpox. >> that is true. that is true. but i know you're not too worked up over this, but the mayans do say the world is ending tomorrow. and like you said before, some people say the calendar was mistakenly translated and actually the day could be the 23rd. so we could prolong this for a couple more days, carol....
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the access of the strongest winds, lincoln, des moines, kansas city right now gusting to 50. as we head through the next six hours after this, so from the afternoon tonight, we'll watch that 40 and 50-mile axis of winds move toward green bay, madison and chicago. that's what's setting chicago up and all those midwest airports for real troubles tonight. it's all going to move out again tonight. chicago changes over to snow and then the winds come in, guys. tomorrow morning in the northeast from new york to washington, it's just a rain maker and it moves out by tomorrow afternoon. >> what a mess. all right, alexandra steele for us, thank you for monitoring that. let's get right to john. >>> we're learning more about the days leading up to the newtown massacre. friends of nancy lanza saying she was in new hampshire taking a vacation at a hotel. that's about a four-hour drive from newtown in the days before the attack. they say she felt comfortable leaving him alone for three days. the morning after her return, she was dead. take a look at this photo. all but one of the students
the access of the strongest winds, lincoln, des moines, kansas city right now gusting to 50. as we head through the next six hours after this, so from the afternoon tonight, we'll watch that 40 and 50-mile axis of winds move toward green bay, madison and chicago. that's what's setting chicago up and all those midwest airports for real troubles tonight. it's all going to move out again tonight. chicago changes over to snow and then the winds come in, guys. tomorrow morning in the northeast from...
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it will provide visitors with panoramic views of the city and surrounding mountains much the developer hopes the tower becomes a symbol of phoenix and destination for tourists. >> interesting design. >> i know. it really is. have you ever seen a sand storm in phoenix? it will be cool to see a sand storm from that tower. >> thank you so much, christine. >>> all right. so you were waiting for the day that tim tebow would be a starting nfl quarterback. you're going to have to wait a little bit longer. the quarterback question for the struggling jets has been resolved. tim tebow is not the answer. >> tim can play, you know, quarterback through our traditional things. but to me, i was just -- i just kind of made a decision that in my gut i feel best thing for our football team is for greg to be our quarterback now. >> so the greg he's talking about is greg mcelroy who will start in place of the struggling mark sanchez. mcelroy leap-frogged tebow to go from the third string to starter leaving t-boy with the clipboard still. >> tim tebow is not happy about this. "the new york daily news" is r
it will provide visitors with panoramic views of the city and surrounding mountains much the developer hopes the tower becomes a symbol of phoenix and destination for tourists. >> interesting design. >> i know. it really is. have you ever seen a sand storm in phoenix? it will be cool to see a sand storm from that tower. >> thank you so much, christine. >>> all right. so you were waiting for the day that tim tebow would be a starting nfl quarterback. you're going to...